Summary
This 10-K filing for Marriott International, Inc. as of December 30, 2010, primarily focuses on corporate governance and executive officer information, with extensive incorporation by reference to the company's proxy statement. Key disclosures include the effectiveness of the company's disclosure controls and procedures, confirmed by the CEO and CFO. The filing also lists the company's executive officers, detailing their extensive experience and tenure, including Chairman and CEO J.W. Marriott, Jr., who has led the company since 1972, and CFO Carl T. Berquist. The document highlights the company's adherence to ethical standards through its Code of Ethics. For investors, this filing provides assurance regarding the robustness of internal controls over financial reporting. The detailed profiles of executive officers underscore the depth of experience within Marriott's leadership team, which can be a positive indicator of stability and operational expertise. While financial statements and detailed operational performance are referenced elsewhere (proxy statements, exhibits), the core of this specific filing reinforces the company's commitment to transparency and experienced management.
Key Highlights
- 1Disclosure controls and procedures were evaluated and found to be effective by management, including the CEO and CFO, providing reasonable assurance regarding timely and accurate financial reporting.
- 2The filing details the company's executive officers, showcasing a highly experienced leadership team with significant tenure, including Chairman and CEO J.W. Marriott, Jr. (since 1972) and CFO Carl T. Berquist.
- 3Marriott International, Inc. has a long-standing Ethical Conduct Policy applicable to all associates, including top executives and the Board of Directors, with provisions for disclosing waivers.
- 4Extensive information on corporate governance, executive compensation, security ownership, related party transactions, director independence, and accounting fees is incorporated by reference from the company's 2011 Proxy Statement.
- 5The filing includes a comprehensive list of exhibits, including material contracts, incentive plans, and debt agreements, as well as XBRL-formatted financial statements.
- 6William J. Shaw, Vice Chairman, announced his retirement effective March 31, 2011, after a long career with the company.